Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

Alliance New York Municipal Income Fund, Inc.

Top 10 Fixed-Income Holdings

Portfolio %

1) New York St Mortgage Agy SFMR (New York St

7.58%

    Mortgage Agy)   Series 01-29  5.45%, 4/01/31

2) Metropolitan Trnsp Auth NY Series 02A

4.89%

    5.125%, 11/15/31

3) New York St UDC Series 02A 5.25%, 3/15/32

4.86%

   (Prerefunded/ETM)

4) New York NY GO Series 01B  5.50%,  12/01/31

4.80%

   (Prerefunded/ETM)

5) New York St Dormitory Auth (Maimonides Med

4.80%

   Ctr) NPFGC Series 04  5.75%,  8/01/29

6) New York NY Trst for Cult Res  (Museum of

4.66%

   Modern Art) AMBAC Series 01D  5.125%,  7/01/31

7) New York NY Mun Wtr Fin Auth  Series 02A

4.65%

    5.125%,  6/15/34

8) Tobacco Settlement Fin Corp. NY  (New York St

3.83%

   Lease Tobacco Asset Sec) AMBAC Series 03A-1

   5.25%,  6/01/21

9) Puerto Rico Sales Tax Fin Corp.  5.50%,

3.62%

    8/01/28

10) Puerto Rico Hwy & Trnsp Auth  Series 02D

3.19%

     5.375%,  7/01/36 (Prerefunded/ETM)

Sector/Industry Breakdown

Portfolio %

Prerefunded/ETM

25.12%

Special Tax

10.12%

Water & Sewer

9.48%

Housing - Single Family

8.98%

Health Care - Not-for-Profit

8.70%

Toll Roads/Transit

6.55%

Tax-Supported State Lease

5.68%

Revenue - Miscellaneous

5.59%

Higher Education - Private

3.94%

Housing - Multi-Family

2.99%

State G.O.

2.35%

Assessment District

2.31%

Electric Utility

2.00%

Senior Living

1.82%

Local G.O.

1.73%

Insured

1.19%

Industrial Development - Airline

0.98%

Primary/Secondary Ed. - Private

0.24%

Industrial Development - Utility

0.23%

Total

100.00%

State Breakdown

Portfolio %

New York

81.90%

Puerto Rico

12.74%

Florida

2.97%

California

1.28%

Colorado

0.37%

Illinois

0.28%

Ohio

0.23%

Pennsylvania

0.23%

Total Investments

100.00%

Credit Quality Breakdown

Portfolio %

   AAA

25.15%

   AAA(Pre-refunded Bonds)

25.09%

   AA

20.42%

   A

15.34%

   BBB

9.69%

   BB

1.02%

   Not Rated

3.29%

   Total Investments

100.00%

Portfolio Statistics:

   AMT Percentage:

13.45%

   Average Coupon:

5.06%

   Percentage of Leverage:

        Bank Borrowing:

0.00%

        Investment Operations:

0.00%

        Preferred Stock:

37.85%

        Tender Option Bonds:

3.90%

        Term Asset-Backed Loans Facility (TALF):

0.00%

        Total Fund Leverage:

41.75%*

   Average Maturity:

7.49 Years

   Effective Duration:

4.87 Years

   Total Net Assets:

$107.80 Million**

   Common Stock Net Asset Value:

$13.88

   Number of Holdings:

66